Largest EV battery makers Founder now richer than Jack Ma with $49.5 bn wealth

The Chinese Founder of world's largest electric vehicle battery maker Contemporary Amperex Technology (CATL), Zeng Yuqun, has overtaken Alibaba Group Co-founder Jack Ma in wealth rankings. Zeng's net worth has jumped to $49.5 billion, while Ma's fortune currently stands at $48.1 billion, according to Bloomberg Billionaires Index. With this, Zeng has also become the fifth richest person in Asia.